Fiat Chrysler, Peugeot owner PSA are in talks to combine in a deal that could create a $50 billion auto giant, say people familiar with the matter
Fiat Chrysler Automobiles NV and Peugeot maker PSA Group of France are in talks over a potential combination, according to people familiar with the matter—a deal that could create a $50 billion trans-Atlantic auto giant.
One possibility the two sides are discussing, according to one of these people, is an all-share merger of equals. Peugeot Chief Executive Carlos Tavares would head the combined auto maker as its CEO, while John Elkann, FCA chairman and the head of the Agnelli family, which controls the Italian-U.S. auto maker,...
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